A major circumstance provoking price increases is ________.
A) market demand
B) profitability versus target
C) cost inflation
D) price versus competition
E) stock price versus target price

Question

Quizplus · Accepted Answer

Cost inflation is a major circumstance provoking price increases as it affects the cost of production, including labor, raw materials, and transportation. When the cost of production increases, companies may increase their prices to maintain or improve their profit margins. Market demand, price versus competition, profitability versus target, and stock price versus target price may also influence pricing decisions, but they are not necessarily a direct cause of price increases.

A Major Circumstance Provoking Price Increases Is ________